Voltas shares up 1.94% as Nifty gains

economictimes.indiatimes.com:

Voltas Ltd. traded 1.94 per cent up in Thursday's trade at 12:38PM (IST). Around 9,361 shares changed hands on the counter.
The counter opened at Rs 1474.4 and touched an intraday high and low of Rs 1511.75 and Rs 1450.9, respectively, in the session so far. Shares of the company of Voltas Ltd. quoted a 52-week high of Rs 1560.0 and a 52-week low of Rs 794.15.

Total market cap of the Voltas Ltd. stood at Rs 49761.76 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4257.3 crore for the quarter ended 31-Mar-2024, up 58.64 per cent from previous quarter's Rs 2683.61 crore and up 41.75 per cent from the year-ago quarter's Rs 3003.46 crore.
The net profit for latest quarter stood at Rs 116.44 crore, down 19.09 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Jun-2024, DIIs held 25.34 per cent stake in the company, while foreign institutional investors held 15.08 per cent and the promoters 30.3 per cent.

Valuation ratio According to BSE data, the stock traded at a P/E multiple of 197.47 and a price-to-book ratio of 6.27. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Voltas Ltd. belongs to the Air Conditioners industry.